How We Account For Rents and Expenditures For Our Rental Owning Clients

We are especially meticulous with money matters.

As rental property managers it is our duty to account for every cent of income and each expense. All of us work relentlessly to make sure that every property owner has the documentation to see exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in our profession: Rent Manager.

We usually process and deposit rents on the same day they are received. Funds are deposited into an escrow account (not into our operating account). We prepare a monthly statement that states the rent received as well as any bills which we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will show what funds we are holding on behalf of the real estate investor.

There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report.  In January we mail the rental property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Shenandoah County Rental Management Resources

Basics

Fundamental information regarding property management in Shenandoah County.

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Getting Started

Learn more about getting started with property management

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Find A Tenant

Market your property to rent to find a reliable renter in Shenandoah County fast.

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Accounting

How does Nesbitt Realty keep track of income and expenses for property owners?

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Cost

A list of fees associated with rental management services in Shenandoah County

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Vetting

How Nesbitt Realty checks the backgrounds of renters for our clients.

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage rentals?

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Clients

Who uses Nesbitt Realty management services?

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Contact

Call (703)765-0300 to speak to a rental specialist now.

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If you have tenants, you have problems.

Nesbitt Realty handles those problems.

Your investment in real estate is a business like any other. As a landlord, you have expenses, income and with perseverance, you also have the expectation of financial reward.

In the business of real estate investment, nearly all cashflow comes from tenants. And that's the catch: If you have tenants, you will have problems. Even the best of tenants have needs and all properties will require maintenance or management at some point. A property management company takes all the hassle out of rental management.

Do you want know more about our area?

Our Guide to Real Estate is a helpful resource for everyone who needs to find out more about Shenandoah County and neighboring communities.  The Guide to Real Estate includes data about what has sold and what is currently listed, and many interesting facts that you may not be aware of.  In addition, our Guide features many of the fundamentals of life in Shenandoah County.  As a matter of course, most of this is helpful for purchasers and sellers, but landlords and tenants should also find this information to be quite eye-opening.

Serving Shenandoah County

Do you need a rental property manager?

Learn more about our rental management services. We service landlords in Virginia.